Clearwire is in discussions to sell sell some of its wireless network capacity to Verizon Wireless and AT&T, Bloomberg reported recently. “All those discussions are under way,” Clearwire CEO Erik Prusch told Bloomberg. “I’m confident we’ll bring in new wholesale partners. Our message to the industry is that we’ve got the capacity to handle their needs.” However, it is more likely Clearwire is approaching the carriers in an effort to raise cash for its 4G LTE network plans. On August 3rd, Clearwire announced its intentions to build out a nationwide 4G LTE network but said those plans were “subject to additional funding.” Clearwire needs $600 billion to build its 4G LTE network. “We want to be the Switzerland of mobile broadband,” Prusch said, noting that his company is talking to, and willing to work with, anyone who needs network capacity.” In mid-August reports surfaced that Sprint was in talks to buy Clearwire outright in order to build its own LTE network. We expect we could hear more on Sprint and its Clearwire plans during a “Strategy Update” event on October 7th in New York City, where BGR will be reporting live.
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If they would raise that kind of money, they could end the crisis in US with it

Kendallholliday

*Clearwire

http://pulse.yahoo.com/_MRJNK7TAP36TGSWAUHSYBKGC3Y Space-spider

So they need over 15 times the amount of a T-mobile acquisition just to expand there 4G network.

I hate to bring this back from the dead, but LOLWUT!

http://www.thegadgetgurus.net Vic Webb

Dammit, BGR. Do you guys ever bother to proofread?

Anonymous

This sounds like it was written by Dr. Evil… 600 Billion? Really guys? That number didn’t seem off to any of you?

Npaulseth

“One TRILLION dollars! Muwhoohahahaha”

Anonymous

Yeah, I’m sure after their majority owner (Sprint) threatens with litigation, that AT&T is going to do business with them and their crappy spectrum.

Anonymous

Die in the same fire Sprint is burning in…good riddance Clear.

Anonymous

and you will continue to have a burning crotch

Anonymous

clearwire is like an easy girl at the bar… “I will literally take all 4 of you on at once!”

Anonymous

I think that no matter what happens I beleive that Clear should end up being bought by Verizon or Sprint. That’s because if the T Mobile thing goes through and then AT&T buys the spectrum as well then the whole industry is in for a huge sh*t fest. I don’t want to see this happen